Sally Beauty Holdings, Inc. (SBH) Income Statement
SBH FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsSBH revenue and net income
Where SBH's revenue goes
FY2025Each bar shows an amount and its share of revenue. SBH kept 5.3% of revenue as net income.
SBH profit margins
SBH growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −0.4% | −1.0% | +1.0% | −0.4% |
| Gross profit | +1.1% | −0.5% | +2.2% | +0.1% |
| Operating income | +15.9% | −1.0% | +4.8% | −4.0% |
| Net income | +27.7% | +2.2% | +11.6% | −1.8% |
| EPS (diluted) | +13.0% | −3.9% | +9.4% | +2.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SBH quarterly EPS vs estimates
Sally Beauty beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 12, 2026 (estimate $0.60).
SBH income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.70B | $3.72B | $3.73B | $3.82B | $3.87B | $3.51B | $3.88B | $3.93B | $3.94B | $3.95B |
| Cost of revenue | $1.79B | $1.83B | $1.84B | $1.88B | $1.92B | $1.80B | $1.97B | $1.99B | $1.97B | $1.99B |
| Gross profit | $1.91B | $1.89B | $1.89B | $1.94B | $1.95B | $1.72B | $1.91B | $1.94B | $1.96B | $1.96B |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $1.60B | $1.60B | $1.55B | $1.54B | $1.52B | $1.44B | $1.45B | $1.38B | $1.35B | $1.36B |
| Total operating expenses | $1.58B | $1.61B | $1.57B | $1.60B | $1.54B | $1.46B | $1.45B | $1.48B | $1.46B | $1.47B |
| Operating income | $327.8M | $282.7M | $325.0M | $337.6M | $418.4M | $258.8M | $350.1M | $426.6M | $478.6M | $498.3M |
| Interest income | $63.4M | $74.7M | $71.2M | $75.6M | $93.5M | $98.8M | $96.3M | $98.2M | $132.9M | $144.2M |
| Interest expense | $64.4M | $76.4M | $73.0M | $93.5M | $93.5M | $98.8M | $96.3M | $98.2M | $132.9M | $144.2M |
| Income before taxes | $263.4M | $206.3M | $252.1M | $244.1M | $324.9M | $160.0M | $362.2M | $328.4M | $345.7M | $354.1M |
| Income taxes | $67.5M | $52.9M | $67.5M | $60.5M | $85.1M | $46.7M | $90.5M | $70.4M | $130.6M | $131.1M |
| Net income | $195.9M | $153.4M | $184.6M | $183.6M | $239.9M | $113.2M | $271.6M | $258.0M | $215.1M | $222.9M |
| EBITDA | $427.7M | $393.5M | $441.1M | $493.1M | $529.7M | $379.6M | $457.8M | $535.4M | $590.9M | $598.0M |
| EPS (diluted) | $1.91 | $1.69 | $1.84 | $2.15 | $2.39 | $1.22 | $2.26 | $2.33 | $1.80 | $1.72 |
| Gross margin | 51.6% | 50.9% | 50.8% | 50.8% | 50.4% | 48.8% | 49.3% | 49.4% | 49.9% | 49.7% |
| Operating margin | 8.9% | 7.6% | 8.7% | 8.8% | 10.8% | 7.4% | 9.0% | 10.8% | 12.2% | 12.6% |
| Net margin | 5.3% | 4.1% | 5.0% | 4.8% | 6.2% | 3.2% | 7.0% | 6.6% | 5.5% | 5.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $935.5M | $903.4M | $943.2M | $947.1M | $933.3M | $883.1M | $937.9M | $935.0M | $942.3M | $908.4M | $931.3M | $921.4M |
| Cost of revenue | $445.2M | $428.1M | $459.9M | $453.0M | $452.3M | $424.3M | $461.1M | $455.8M | $461.5M | $445.3M | $464.1M | $454.8M |
| Gross profit | $490.2M | $475.3M | $483.3M | $494.1M | $481.0M | $458.8M | $476.8M | $479.2M | $480.9M | $463.1M | $467.2M | $466.6M |
| Sales, general & admin | $403.9M | $403.8M | $407.3M | $368.6M | $402.8M | $389.4M | $6.1M | $393.9M | $408.7M | $403.4M | $396.8M | $387.5M |
| Total operating expenses | $403.9M | $402.8M | $407.3M | $414.2M | $402.8M | $389.4M | $376.5M | $396.9M | $409.1M | $403.5M | $398.1M | $389.7M |
| Operating income | $86.4M | $72.5M | $75.9M | $79.9M | $78.2M | $69.4M | $100.3M | $82.3M | $71.8M | $59.6M | $69.1M | $76.9M |
| Interest income | — | — | $14.4M | $14.9M | $15.5M | $16.3M | $17.0M | $19.9M | — | — | — | — |
| Interest expense | $13.7M | $14.2M | $14.6M | $15.0M | $15.7M | $16.3M | $17.4M | $17.9M | $20.7M | $20.5M | $17.3M | $19.7M |
| Income before taxes | $72.7M | $57.8M | $61.3M | $65.0M | $62.5M | $53.1M | $82.9M | $64.4M | $51.1M | $39.1M | $51.8M | $57.2M |
| Income taxes | $18.6M | $15.1M | $15.8M | $15.1M | $16.7M | $13.9M | $21.9M | $16.3M | $13.3M | $9.8M | $13.4M | $14.6M |
| Net income | $54.1M | $42.7M | $45.6M | $49.9M | $45.7M | $39.2M | $61.0M | $48.1M | $37.7M | $29.2M | $38.4M | $42.6M |
| EBITDA | $112.6M | $97.2M | $99.9M | $80.5M | $102.8M | $97.2M | $97.7M | $108.3M | $100.7M | $86.9M | $98.4M | $102.3M |
| EPS (diluted) | $0.55 | $0.44 | $0.48 | $0.55 | $0.51 | $0.42 | $0.43 | $0.50 | $0.45 | $0.35 | $0.39 | $0.42 |
| Gross margin | 52.4% | 52.6% | 51.2% | 52.2% | 51.5% | 52.0% | 50.8% | 51.2% | 51.0% | 51.0% | 50.2% | 50.6% |
| Operating margin | 9.2% | 8.0% | 8.1% | 8.4% | 8.4% | 7.9% | 10.7% | 8.8% | 7.6% | 6.6% | 7.4% | 8.3% |
| Net margin | 5.8% | 4.7% | 4.8% | 5.3% | 4.9% | 4.4% | 6.5% | 5.1% | 4.0% | 3.2% | 4.1% | 4.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SBH's financial statements (latest annual report filed November 13, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SBH financial results
In fiscal year 2025 (ended September 30, 2025), Sally Beauty reported revenue of $3.7 billion, down 0.4% from the year before. It had net income of $195.9 million (up 27.7%), a net profit margin of 5.3%. Diluted earnings per share came to $1.91. Over five years revenue grew at an average rate of 1.0% a year.
See the SBH stock overview for the latest quote and news, or the SBH chart for price history and technical indicators.
SBH income statement FAQ
What is Sally Beauty's annual revenue?
Sally Beauty reported total revenue of $3.7 billion for fiscal year 2025, which ended on September 30, 2025. That was down 0.4% from $3.7 billion the previous year.
Is Sally Beauty profitable?
Yes. Sally Beauty reported net income of $195.9 million in fiscal 2025, a net profit margin of 5.3%; its operating margin was 8.9%.
What is Sally Beauty's gross margin?
Sally Beauty's gross margin was 51.6% in fiscal 2025: for every $100 of revenue, Sally Beauty kept $52 after the direct cost of its products and services.
How fast is Sally Beauty growing?
Revenue grew 1.0% a year on average over the last five fiscal years, from $3.5 billion to $3.7 billion.
What are Sally Beauty's earnings per share?
Sally Beauty earned $1.91 per diluted share in fiscal 2025, compared with $1.69 a year earlier.
When will Sally Beauty report its next earnings?
Sally Beauty is expected to report results for the quarter ending September 30, 2026 on November 12, 2026 before the market opens.
When does Sally Beauty's fiscal year end?
Sally Beauty's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on November 13, 2025.